OPEC and Russia will pump more oil in January despite price plunge
CNN
Saudi Arabia, Russia and other leading oil producers have decided to stick with plans to increase supply in January despite a recent plunge in prices driven by fears of a new glut.
The agreement was reached Thursday at a meeting of the Organization of the Petroleum Exporting Countries (OPEC) and key allies, known as OPEC+. Global oil prices have fallen more than 20% since late October.
Brent crude futures, the global benchmark, had soared about 70% since the beginning of the year, but began falling in November when the United States and other major oil consuming nations agreed to release millions of barrels from their strategic reserves to try to cool gasoline prices and prevent a further boost to inflation.
Venezuelan opposition leader María Corina Machado’s presentation Thursday of her Nobel Peace Prize medal to President Donald Trump was instant fodder for ridicule among Trump’s opponents.
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Jacob Frey delivered a stern message one week ago to federal agents following the deadly shooting of a Minnesota woman who was protesting their efforts to round up immigrants in the state. “Get the f**k out of Minneapolis,” Frey said.
Tensions flared in Minneapolis again Thursday in the wake of a second shooting by a federal immigration officer in just one week, as President Donald Trump threatened to invoke a centuries-old law that would allow the deployment of US troops to Minnesota.
When Venezuela’s opposition leader María Corina Machado walked into the White House on Thursday, she came bearing the gift US President Donald Trump has long coveted: a Nobel Peace Prize.
Dolls, pencils, backyard chickens and ‘a piece of broccoli’: The Trump team’s awkward austerity talk
Amid the European debt crisis in the early 2010s, a Fox News pundit named Donald Trump warned about a backlash against leaders asking people to tighten their belts.
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President Donald Trump has been threatening to invoke the Insurrection Act for a very long time. Dating back to his first term, he has repeatedly floated the rarely invoked law, which gives a president extraordinary powers to dispatch the military to put down domestic unrest.